Sands China will act as an agent to procure and provide equipment and supplies from Asia Pacific to the LVS Group.<\/p>\n\n\n\n\n\n\n\n
Macau.- Sands China<\/strong><\/em> has signed a procurement deal with its parent company LVS Group<\/strong><\/em>.<\/p>\n\n\n\n Under the agreement, Sands China will act as an agent to procure and provide equipment and supplies from Asia Pacific to the LVS Group.<\/p>\n\n\n\n The Macau’s casino operator will buy equipment and supplies upon request by the LVS Group and then sell them to the LVS Group on a cost basis. <\/p>\n\n\n\n This is to ensure that any costs incurred by the group in providing the equipment and supplies (including wages, time, etc) will be part of the procurement price. <\/p>\n\n\n\n According to Sands China, the company has a broad experience in procuring equipment and supplies from the Asia Pacific region. <\/p>\n\n\n\n That is the main reason for entering into the deal, as well as its existing relationships and agreements that are already in place with its suppliers. <\/p>\n\n\n\n The agreement is set for a term of two years and will expire on May 11, 2022.<\/p>\n","protected":false},"excerpt":{"rendered":" Sands China will act as an agent to procure and provide equipment and supplies from Asia Pacific to the LVS Group.<\/p>\n","protected":false},"author":2,"featured_media":4988,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Sands China has formalized a two-year procurement agreement with its parent entity, LVS Group, effective until May 2022. Under this arrangement, Sands China will leverage its established supply chain and regional expertise in Asia Pacific to procure equipment and supplies, subsequently selling them to LVS Group on a cost-recovery basis. This strategic alignment aims to optimize the parent company's supply chain efficiency within the region.","focusai_entities":"Sands China, LVS Group","focusai_location":"Macau, Asia Pacific","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), compliance_legal (0.9), operator_casino (0.85), investor_analyst (0.8), supplier_vendor (0.7), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Governance implications?","query":"What are the specific corporate governance implications and disclosure requirements for Sands China as a publicly traded entity entering into a cost-basis procurement agreement with its parent company, LVS Group?"},{"label":"Operational efficiency impact?","query":"How is this intra-group procurement arrangement expected to impact the overall operational efficiency and cost structure of the LVS Group, particularly concerning its Asia Pacific supply chain?"}],"footnotes":""},"categories":[160,157,16338],"tags":[257],"class_list":["post-6410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-business-news","category-east-asia-news","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=6410"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6410\/revisions"}],"predecessor-version":[{"id":777018376,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6410\/revisions\/777018376"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/4988"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}